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(SPIC) Southern Petrochemicals complete technical analysis [charts+indicators] | Buy/Sell Southern Petrochemicals | (SPIC) share price targets

Complete technical analysis of Southern Petrochemicals (SPIC) by charts plus indicators, forecast predictions and share price targets for Southern Petrochemicals (SPIC)

Showing technical analysis as on 2024-09-11 View latest technical analysis

10 day averaged volume of Southern Petrochemicals is 1707216

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	93.76	91.18	96.63	90.61	5.07 times
10 Tue Sep 2024	90.86	91.38	93.19	90.67	1.032 times
09 Mon Sep 2024	90.68	90.21	91.80	87.35	0.862 times
06 Fri Sep 2024	90.14	91.00	93.70	88.65	1.834 times
05 Thu Sep 2024	90.85	89.99	93.49	89.99	1.388 times
04 Wed Sep 2024	89.86	88.70	91.00	87.62	0.877 times
03 Tue Sep 2024	88.70	88.90	89.70	88.07	0.563 times
02 Mon Sep 2024	88.86	87.97	91.24	87.28	1.102 times
30 Fri Aug 2024	87.79	88.20	90.20	87.50	0.766 times
29 Thu Aug 2024	87.34	89.90	89.90	86.71	0.789 times

Stock of Southern Petrochemicals (SPIC) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 93.9, for a target of 91.7 or 89.8

Share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Target	64.40
Downside Target	70.25
Downside Target	75.75
Downside Target	80.79
Downside Target	82.80
Downside Target	86.71
Downside Target	91.90
Downside Target	93.70
Upside Target	95.20
Upside Target	96.63
Upside Target	96.70

Intraday share price targets for Southern Petrochemicals (SPIC)

Target Type	Value
Downside Intraday Target	88.53
Downside Intraday Target	83.3
Upside Intraday Target	97.81
Upside Intraday Target	101.86
Downside Intraday Target	92.58

Weekly technical analysis of Southern Petrochemicals (SPIC)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	93.76	90.21	96.63	87.35	1.208 times
06 Fri Sep 2024	90.14	87.97	93.70	87.28	1.016 times
30 Fri Aug 2024	87.79	92.49	93.47	86.71	0.717 times
23 Fri Aug 2024	91.88	88.45	95.20	88.06	1.727 times
16 Fri Aug 2024	87.68	87.85	89.77	83.10	0.474 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Southern Petrochemicals (SPIC)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	93.76	87.97	96.63	87.28	0.437 times
30 Fri Aug 2024	87.79	85.44	95.20	75.75	1.126 times
31 Wed Jul 2024	84.89	83.87	91.90	80.79	0.614 times
28 Fri Jun 2024	83.57	73.90	96.70	64.40	4.769 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Southern Petrochemicals (SPIC)

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Southern Petrochemicals ( (SPIC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Southern Petrochemicals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Southern Petrochemicals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Southern Petrochemicals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Southern Petrochemicals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Southern Petrochemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 91.13 and Southern Petrochemicals (SPIC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Southern Petrochemicals (SPIC) stock. Volume based technical analysis of Southern Petrochemicals (SPIC) stock is negative.

Southern Petrochemicals Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.